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The Economic Times

Business

Jubilant Generics receives show-cause notice demanding over Rs 105 cr

Jubilant Pharmova Uttarakhand

New Delhi: Jubilant Pharmova Ltd on Friday said its arm, Jubilant Generics Ltd, has received a show-cause notice from the Uttarakhand GST authority demanding Rs 105.5 crore, including a penalty over availment of tax refund.

The Joint Commissioner, CGST Division, Roorkee, Uttarakhand, has issued the notice to Jubilant Generics for allegedly availing of IGST refund under Rule 96 and benefit of Advance Authorisation Scheme simultaneously in violation of rules for the 2020-21 and 2021-22 fiscal years, Jubilant Pharmova Ltd said in a regulatory filing.

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